1) Is it allowed to re-invest the capital gain from one property sale towards fresh purchase of land and building at the same time to avoid CGT?
2) Can capital gain be used to do interior work in the re-invested house and claim exemption?
thanks.
Menu
Capital Gains
Replies (6)
1. yes
2. no
| Originally posted by : LOVE ARORA | ||
 |
1. yes 2. no |
 |
agree
1)Yes ,Exemption can be claimed U/S 54 if a Residential house is purchased within 1 yr before or 2 years after the date of transfer and a residentail house is constructed within 3 years from the date of transfer
2)NO exemption can be claimed
yes i agree with parshu
1.yes
2. no
Agree with parshu
Recent Topics :
- Looking for a study buddy intermediately Jan 2027
- How to correct a NIL GST return filed by mistake w
- Is it legally permissible not to report F&O lo
- Query on FCTRS
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
- Clarification Required on Invoicing and Receipt of
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
Related Topics :
CAclubindia
